We devote today's double podcast to discussing a raft of financial issues which includes why unrealised losses in the US banking sector remain a significant problem which has never gone away. We then move onto why the Trump administration is proposing relaxing bank capital requirements and assess why this is a deeply flawed policy initiative. We then provide an update in the ongoing dumping of USD assets, how a row is brewing between German and US regulators and conclude assessing why US corporates are seeking to access non-USD debt markets.